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China lifts tariffs on US goods to 125pc as trade war escalates

People walk past a Bank of China New York branch on April 11, 2025 in New York City.[AFP]

China said Friday it would raise its tariffs on US goods to 125 percent in a further escalation of a trade war that threatens to bring exports to a halt between the world's two biggest economies.

Beijing's retaliation sparked fresh market volatility, with stocks seesawing, gold prices surging and US government bonds under pressure.

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